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Nov 26, 2012
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the fiscal cliff is the biggest item facing congress. if president obama and congress can't reach a deal huge spending cuts and taxes kick in january 1. today several republicans backed away from a pledge banning tax increases. >> when you're $16 trillion in debt the only pledge we should be making is to avoid becoming greece and republicans should put revenue on the table. i want to buy down debt and cut rates to create jobs. but i will violate the pledge, long story short, for the good of the country if democrats will do entitlement reform. >> a pledge signed 20 years ago, 18 years ago is for that congress. for instance if i were in congress in 1941 i would have signed -- supported a declaration of war against japan. we are not going to attack them today. the world has changed. >> so there was a question i asked anna navarro and lz granderson. >> i think it's practicality, the desire to want to get something done. i know lindsey graham well. chambliss, king. these are thoughtful, smart, principled leaders and fiscal conservatives. they
the fiscal cliff is the biggest item facing congress. if president obama and congress can't reach a deal huge spending cuts and taxes kick in january 1. today several republicans backed away from a pledge banning tax increases. >> when you're $16 trillion in debt the only pledge we should be making is to avoid becoming greece and republicans should put revenue on the table. i want to buy down debt and cut rates to create jobs. but i will violate the pledge, long story short, for the good...
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Nov 26, 2012
11/12
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they're taking shape going toward the fiscal cliff w. the new year, severe tax increases and severe spending cuts will automatically take effect unless congress and the white house reach a debt reduction agreement and there are signs each party's sacred cows may be up for slaughter. i want to pick your brain on how far you're willing to go in that area as far as medicare cuts, social security, raising the retirement age, along those lines. all of that is on the table, right? >> you know, the president put forward a balanced approach, one that has a balance between raising revenues on the highest income earners and cutting spending. we near a situation where we need to consider all kinds of onyxes. >> kate baldwin is here. she's got more on what's going on. kate, what is going on? >> you know, there was a break last week for thanksgiving. but talks were supposed to be continuing in these ongoing negotiations. however lawmakers are arriving back in town with no whisper of an imminent breakthrough at the moment to avoid this looming series
they're taking shape going toward the fiscal cliff w. the new year, severe tax increases and severe spending cuts will automatically take effect unless congress and the white house reach a debt reduction agreement and there are signs each party's sacred cows may be up for slaughter. i want to pick your brain on how far you're willing to go in that area as far as medicare cuts, social security, raising the retirement age, along those lines. all of that is on the table, right? >> you know,...
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Nov 26, 2012
11/12
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. >> bret: some of the back-and-forth on the fiscal cliff and negotiations that are upcoming. if the white house gets its way. all tax cuts on high income earners are let go, expiring, the bush era tax cuts, this is what you are looking at. according to the treasury department it costs the federal government 9.69 billion a day to run the government. the expiration would be $8.24 billion a year on the top earners. roughly $82.4 billion a year. $824 billion in ten years. that would per year run the federal government for 8.5 days a year. that is if the tax increase or tax cut expiring go in place. that's where we begin. juan williams and tucker carlson. tucker, set the stage for us. what is happening. >> you saw this clearly. the press secretary said this is what we want. the president accepts nothing less than raising taxes on the rich. people making over $250,000. republicans in the senate said what they want is unclear. what the president wants is bad. in any negotiation, the person who with the clear objective has profound advantage. in the senate, there are very clear point
. >> bret: some of the back-and-forth on the fiscal cliff and negotiations that are upcoming. if the white house gets its way. all tax cuts on high income earners are let go, expiring, the bush era tax cuts, this is what you are looking at. according to the treasury department it costs the federal government 9.69 billion a day to run the government. the expiration would be $8.24 billion a year on the top earners. roughly $82.4 billion a year. $824 billion in ten years. that would per year...
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Nov 26, 2012
11/12
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congress is back in session, and just in time, we are now 35 days away from the fiscal cliff. >> a big day in the middle east. today both israel and gaza meet to further the cease-fire between the two embattled nations. we're going to have a live report coming up for you. >> gray thursday, black friday, and now cyber monday. but just how good are the deals today, compared to what was put out this past holiday weekend? we're going to break it all down for you. >> did you do any shopping? >> absolutely not. there's too much football. >> don't you love it? >> good morning. welcome to "early start," i'm john berman. >> and i'm zoraida sambolin. 5:00 a.m. in the east. so let's get started. they are back. our lame duck congress returning to capitol hill today. the senate in session this afternoon. the house back tomorrow. and with 35 days left, as john just reminded us, before we plunge down the fiscal cliff, two prominent republican senators, lindsey graham and saxby chambliss are signaling they are willing to give a break the no tax pledge. that is a hopeful sign, folks, because a new cnn/
congress is back in session, and just in time, we are now 35 days away from the fiscal cliff. >> a big day in the middle east. today both israel and gaza meet to further the cease-fire between the two embattled nations. we're going to have a live report coming up for you. >> gray thursday, black friday, and now cyber monday. but just how good are the deals today, compared to what was put out this past holiday weekend? we're going to break it all down for you. >> did you do any...
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Nov 26, 2012
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radio he have it up to congress to worry about the fiscal cliff. they got us into this mess. so we should celebrate christmas and be merry and happy. that's the way i'm going to look at it because all they do is sit around and not get along. maybe this time they'll actually get the christmas spirit and actually get something done. >> brian: maybe. there is also if you're a defense contractor, you don't know what to do. you have no idea if you're going to be hiring people or firing people or maybe you're doing it anyway because you got to cut possibly $500 billion instantly out of your budget. >> steve: surely. now, grover norquist has -- a very long time, as the founder of americans for tax reform oh, gotten hundreds of republicans to sign his pledge that if elected, in washington, they would not raise taxes. so he's got in a filing cabinet in the office somewhere, all of those pledges. here is the thing, we've got to raise more money and there are a number of republicans who have said okay. we can raise revenue maybe close deduction, loophole, stuff like that, just don't rai
radio he have it up to congress to worry about the fiscal cliff. they got us into this mess. so we should celebrate christmas and be merry and happy. that's the way i'm going to look at it because all they do is sit around and not get along. maybe this time they'll actually get the christmas spirit and actually get something done. >> brian: maybe. there is also if you're a defense contractor, you don't know what to do. you have no idea if you're going to be hiring people or firing people...
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Nov 26, 2012
11/12
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and still ahead on "starting point," congress, will congress come to a compromise, and avoid the fiscal cliff? or will we just go right over? we're going to talk to congressman bill pascrell who sits on the house budget committee. and emergency contraception for teenagers. the controversial new recommendation from doctors this morning. pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. [ gordon ] for some this line is a convenience. how you doin
and still ahead on "starting point," congress, will congress come to a compromise, and avoid the fiscal cliff? or will we just go right over? we're going to talk to congressman bill pascrell who sits on the house budget committee. and emergency contraception for teenagers. the controversial new recommendation from doctors this morning. pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase,...